The price of ethylene oxide increased today, and the ex factory price of mainstream East China was 7700 yuan / ton.

The upstream ethylene market is at a high level and continues to be strong. The external price of ethylene in Northeast Asia is $1200 / ton, up $10 / ton compared with the price of the previous trading day; The external price of ethylene in Southeast Asia was US $1190 / ton, which was flat compared with the previous trading day; Jinshan Lianmao ethylene quoted 8600 yuan / ton today, up 400 yuan / ton compared with the price of the previous trading day. According to the current calculation of ethylene in the outer disk, ethylene oxide is still at a discount, and the increase is expected to be further expanded. Downstream monomer rose slightly today, and the overall wait-and-see atmosphere still exists.

Forecast: the cost of ethylene oxide is under pressure, and the market has not yet peaked.

Market price of main domestic hydrogenated benzene Market on February 11 (unit: yuan / ton)

Market, Price on February 11

East China, eight thousand and twenty-five

Shandong Province, eight thousand and twenty-five

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

January 11, 7400.,+100

January 14, 7550.,+150

January 19, 7700.,+150

February 7, 8100.,+400

February 11, 7950.,-150

On February 11, 2021, the listing price of pure benzene of Sinopec was reduced by 150 yuan / ton to 7950 yuan / ton, and that of Qilu Petrochemical was 7900 yuan / ton.

Crude oil: on February 10, international crude oil futures prices rose and fell. U.S. WTI crude oil futures closed up slightly, with the settlement price of the main contract at US $89.88/barrel, up US $0.22 or 0.25%. Brent crude oil futures fell slightly, with the settlement price of the main contract at US $91.41/barrel, down US $0.14 or 0.15%. Previous data showed that the US crude oil inventory fell unexpectedly, the demand for refined oil reached a record high, and the demand supported the strengthening of oil prices; But at the same time, crude oil is constrained by Iran’s return to the international market and the expectation of the Federal Reserve raising interest rates. At present, the market is intertwined and the oil market is anxious.

During the Spring Festival, the crude oil price increased significantly, and the pure benzene market rose significantly. Sinopec raised the ex factory price of pure benzene by 400 yuan / ton, which boosted the hydrogenated benzene market. Subsequently, crude oil prices weakened, styrene prices fell, and the pure benzene market fell slightly. On Friday, Sinopec lowered the ex factory price of pure benzene to 7950 yuan / ton, and the domestic market price of pure benzene was 7900-8000 yuan / ton. Affected by this, the hydrobenzene market was mainly weak and volatile at the weekend.

In terms of future market fundamentals, downstream demand still exists, and the high crude oil price still supports the market. It is expected that the support of the industrial chain will be acceptable in the short term, and the price of pure benzene will fluctuate slightly.

1、 Trend analysis

 
According to the nickel price monitoring of business society, spot nickel rose slightly on the 10th. The spot price of nickel was reported at 176750 yuan / ton, up 2.15% from the previous trading day and 14.5% from the beginning of the year.

The rise of global stock markets boosted market sentiment, with Lun nickel up 2.37% overnight. Affected by the rainy season, the Philippine supply is limited, LME inventory continues to decline, and the prospect of new energy demand is optimistic. At present, the fundamental changes are still limited, the global inventory continues to decline, the domestic Spring Festival holiday has just ended, most ferronickel plants have not fully resumed production, the overall output has increased slowly, and the short-term support for nickel price is strong. Nickel prices are expected to remain strong in the short term.

Trade name: acetic acid

Latest price (February 9): 5760 yuan / ton

Key points of analysis: the price trend of acetic acid decreased slightly today, and the average market price in East China decreased by 1.03% compared with the previous working day. The domestic market is weak, the downstream demand continues to be weak after the festival, the start-up of acetic acid enterprises is high, the inventory is accumulated, the market supply is sufficient, the downstream market entry enthusiasm is not high, the market trading is light, and the acetic acid market is weak.

Future forecast: the short-term acetic acid market is weak, and pay attention to the market supply.

Trade name: TDI

Latest price (February 8): 19050 yuan / ton

Key points of analysis: the average price of TDI market in East China today increased by 2.42% compared with the previous working day, and the domestic TDI market is strong. The supply of goods in the domestic TDI market is tight, Gansu Yinguang and Yantai Juli devices have not been restarted, Wanhua Fujian devices are unstable, the spot filling in the market is slow, and the supply of TDI outside Shanghai is also tight. The on-site cargo holders have a strong mentality of supporting the market, and the TDI market operates at a high level. After the Spring Festival, the quotation of the distribution market is restored, and the quotation of individual enterprises is increased to the market state before the festival. At present, the quotation range in East China is about 18500-18600 yuan / ton for domestic goods and about 19000-19200 yuan / ton for Shanghai goods.

Future forecast: in the later stage, the TDI market is relatively strong, and the specific attention is paid to the market supply and downstream follow-up.